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Help needed in OANDA + users from Malaysia 105 replies

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  • #4,321
  • Dec 27, 2007 2:05am Dec 27, 2007 2:05am
Quoting Malaysia
London already opened!!! GET READY FOR THE ROLLER COASTER!!!!

Seems BEARISH to me I like it
  • #4,322
  • Dec 27, 2007 2:18am Dec 27, 2007 2:18am
Quoting Malaysia
Seems BEARISH to me I like it

Up cable UP..!..
FOREX "It just the matter whether you GAIN or you PAIN!"
  • #4,323
  • Dec 27, 2007 2:25am Dec 27, 2007 2:25am
I can still see bullish on daily chart.

I thing it will go up for the next a couple of days.

But I set tight stop loss around -50 pips.

I'm enjoying your thread and good luck to you.
  • #4,324
  • Dec 27, 2007 2:34am Dec 27, 2007 2:34am
Quoting h9402486
I can still see bullish on daily chart.

I thing it will go up for the next a couple of days.

But I set tight stop loss around -50 pips.

I'm enjoying your thread and good luck to you.
On the Daily Chart I can see it's BULLISH. I am just concern about the H4 chart... I can see the formation of a HANGING MAN CS... nothing certain yet until the CS is completed. By the way... I am an INTRADAY TRADER... as right now I am concentrating and concern about what gonna happen for today only... what will the News tell us about the FA.

I can see EU starts to FALL down now
  • #4,325
  • Dec 27, 2007 2:54am Dec 27, 2007 2:54am
Right,
My chart also forming hanging man but still 2 hours to go for confirmation.
Also haning man does not have any meaning until next bar confirmation.
Currently I am long since 1.9850 and TP 2.0000.

I wonder what will happen next bcoz many news are upcoming in a couple of hours. I hope we both get a green pips.
Thanks for your extreamly hard work.
  • #4,326
  • Dec 27, 2007 3:01am Dec 27, 2007 3:01am
cable facing strong resistance at 1.9900 still think it'll go up? don think it'll breach tat resistance.

Down GU down!
You better be ready for the future, for the future is NOW.
  • #4,327
  • Dec 27, 2007 3:08am Dec 27, 2007 3:08am
this not look good for those shorted.... scary...mann...
  • #4,328
  • Dec 27, 2007 3:38am Dec 27, 2007 3:38am
Quoting arinforex
this not look good for those shorted.... scary...mann...
Doesn't looks good for those who shorted indeed Green News on Pound Sterling... lets watch the effect... not much as right now...

p/s: I might HEDGE if it goes beyond 1.9930

Quote
5:30pm GBP http://www.forexfactory.com/images/m...impact_low.gif Housing Equity Withdrawal q/q 10.5B 9.4B 10.1B
5:30pm GBP http://www.forexfactory.com/images/m...impact_low.gif BBA Mortgage Approvals 44.8K 41.0K 44.3K
  • #4,329
  • Dec 27, 2007 3:40am Dec 27, 2007 3:40am
Quoting arinforex
this not look good for those shorted.... scary...mann...
Yeah ,its going long, good for my GJ, it helps alot as JPY is weakening too. We still have to wait n c when the Yanks come in. Really strong bull for pound, just came back fr KLCC, didnt watch what happen when 4.30 but seems all going well for long GJ n pound.
Monthly Profit & Lost :- May - +85 pips
  • #4,330
  • Dec 27, 2007 3:45am Dec 27, 2007 3:45am
Quoting Malaysia
Doesn't looks good for those who shorted indeed Green News on Pound Sterling... lets watch the effect... not much as right now...

p/s: I might HEDGE if it goes beyond 1.9930

u still have ur short? quite a lot of -ve pips i guess.
  • #4,331
  • Dec 27, 2007 3:48am Dec 27, 2007 3:48am
Quoting arinforex
how much u floating now sham?
About US$2000 floating on the RED... accidentally SHORTED 2 lots just now instead of 1 lot... Human Error. I was careless to check the ORDER window and change the setting to 1 lot. As right now I got 3 lots SELL.

I am not worried because my FA saying Pound Sterling must weaken due to the Rate Cut in the future. I am confidence enough that CABLE will fall below 1.9800 again. That's why I will Hedge later on if the BULL showing sign of NOT GIVING UP until it reach 2.0000.

Lots of NEWS coming out to digest... I am preparing for both possibilities.
  • #4,332
  • Dec 27, 2007 3:53am Dec 27, 2007 3:53am
i deleted my post just now coz i thought its not appropriate to ask u that question.. anyway, since u replied it straightaway, many thanks coz im quite demoralized right now and have to do hedging and 'lock' my losses.

learning curves never ends...
  • #4,333
  • Dec 27, 2007 3:58am Dec 27, 2007 3:58am
Quoting arinforex
i deleted my post just now coz i thought its not appropriate to ask u that question.. anyway, since u replied it straightaway, many thanks coz im quite demoralized right now and have to do hedging and 'lock' my losses.

learning curves never ends...
US News Release time will be the appropriate time to UNHEDGE or UNLOCK. Be careful with the forecast as we just witnessed just now the forecast for UK News was misleading. If however, the forecast for tonight gonna be spot on... then CABLE will certainly DROP DOWN as USDollar will gain momentum to strengthen. NOTHING CERTAIN YET.
  • #4,334
  • Dec 27, 2007 4:08am Dec 27, 2007 4:08am
Quoting Malaysia
US News Release time will be the appropriate time to UNHEDGE or UNLOCK. Be careful with the forecast as we just witnessed just now the forecast for UK News was misleading. If however, the forecast for tonight gonna be spot on... then CABLE will certainly DROP DOWN as USDollar will gain momentum to strengthen. NOTHING CERTAIN YET.
will test first 23.6....
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Patience is virtue
  • #4,335
  • Dec 27, 2007 4:18am Dec 27, 2007 4:18am
Something to ponder during the thin market which I think will be interesting.

Looking at the monthly data for EURUSD for the past 20 years, I found out that the highest it went was 1.4967 which was somewhere in 1995 and the lowest was in end of 2000 which EURUSD reached 0.8225. So basically, it has been ranging for 6,742 pips or ticks. If we divide this range into 10, basically we will get around 674.2 pips for every tent of the range. In term of trading a range, normally we would incur the minimum risk if we short at the top of the range. While, it would be less risky to buy at the bottom of the range. So if we translate this in term of level of risk to trade the EURUSD range, every one tent of the range i.e. 674.2 pips would represent 10% of the risk.

Current price is around 1.4500, which means that it already traveled around 469 pips from the top, therefore it’s around 6.96%. So doesn’t it sound nice to short? Hehe just something to think about while waiting, shouting up and down…blah blah blah.

high

low

median

range

movement

risk

10% risk of movement

1.4967

0.8225

1.1596

6742

469

6.96%

674.2



P/S:
- the percentage of risk is not risk to the account but the risk or probability the trade will failed.
- This is not an advice but just my personal view, so take with a pinch of salt.
I am bored..
  • #4,336
  • Dec 27, 2007 4:36am Dec 27, 2007 4:36am
Quoting G33maroon
- the percentage of risk is not risk to the account but the risk or probability the trade will failed.
- This is not an advice but just my personal view, so take with a pinch of salt.
That is actually my STYLE and my understanding of RISK


Quoting Malaysia
If so... my style is very risky indeed... for you maybe... for others maybe... but for me... CERTAINLY NOT. I am not conservative by limiting my possible profit constantly just up to 20% per month. To get constant profit (NEVER 100% Guaranteed in Forex) ones have to reduce the RISK tremendously. REDUCING the RISK will also REDUCE the opportunity.

Therefore, my trading style is DYNAMICS. I even put almost 50% of my capital last time in 1 trading session!!! You know why? I did TA and FA... News confirming my FA... market went to the direction of my prediction... WHY ON EARTH I SHOULDN'T PUT EVERYTHING I'VE GOT at stake? The best thing is MINIMIZE Loss and MAXIMIZE Profit. If you study my MM, I quickly change SL to BE and even a few pips on the GREEN everytime my ENTRY making profit. The ACCURACY of my ENTRY itself is very precise. Furthermore, I am a FAN of SFB and BFD... this strategy always following the trend and NEVER goes against it. At certain Market Psychology I placed PO to hedge my initial Entry RATHER than placing SL. And many more things I do to REDUCE the RISK and turning the ODD toward me... by NOT LIMITING the OPPORTUNITY.

RISK and DANGER can be categorize into 2 categories. REAL Danger/Risk and PERCEIVED Danger/Risk. It's also SUBJECTIVE... like Beauty. Sometimes it's a matter of PERCEPTION.

A boy CLIMBING a tree 5 meters hight and a man CLIMBING a 90 degrees ROCKS 100 meters hight. I would say ... the BOY action is more DANGEROUS and RISKY but the MAN is save. Because the MAN is equipped with safety helmet, ropes, carabinars, and others safety equipment BUT the BOY climbing naked.

Out of my "RISKY" action... I already proved than I harvested more than 100% RETURN within 3 weeks. As right now... I already WITHDRAWN US$6000... where my initial DEPOSIT only US$5000. And yet I still GOT BALANCE more than US$5000 in my Trading acc being discuss in this thread. Even IF I blown the whole acc later on... I already took out the DEPOSIT plus enjoyed the profit. Where's the RISK?

Please understand that I use DYNAMICS SYSTEM... NOT CONSERVATIVE. No right or wrong in trading... the only prove is... how much can I make and for how long? If I am still here for years to come. Then I made my point.

I was a CONSERVATIVE Trader before... easily and constantly gained about 10 to 20% profit a month. I know what you are talking about. But now I have EVOLVED ... I have become DYNAMIC Trader... why should I harvest 20% per month if I can make more than 100% a month? You want prove... keep on reading this thread for many years to come. I am not OVER CONFIDENCE or boasting or Bragging about myself. This is just the WAY I trade right now and I am HAPPY with it.

This is my STYLE... for newbies... DON'T FOLLOW BLINDLY!!! There are more KNOWLEDGE to it that need to be learn... the WISDOM need to be earned. There's also the X-Factor that only can be granted from EXPERIENCES and Mistakes. What I am trying to convey over here is... DON'T LIMIT YOURSELF to a certain LEVEL if you are CAPABLE to do MORE.

You only know that you are right when you are making more profit than loss and surviving for a long time. Only time can tell.

p/s: I NEVER Blown my Demo acc.
  • #4,337
  • Dec 27, 2007 5:28am Dec 27, 2007 5:28am
Hayya'alal Solah.... Hayya'alal Falah!!!

As right now I am Bleeding Heavily. However, out of Green News on UK... the BULL on CABLE showing signs of retreating I was floating with more than -US$2000 earlier on. Seems like the BEAR wave will take over later on since the BULL cannot penetrate 1.9930 to resume its reign as the King for today. Nothing certain yet until the US economic data is released. I am securing my position with PO Buy Stop.

Now, that I already did my TA and FA and strongly beleive that the BEAR will take over... I just have to be PATIENCE. "Tawakal" is a good thing to do after ones had done his/hers best. I am gonna pray to GOD to help me
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  • #4,338
  • Dec 27, 2007 5:43am Dec 27, 2007 5:43am
Wow... really needs tawakal for me...
  • #4,339
  • Dec 27, 2007 5:53am Dec 27, 2007 5:53am
Quoting mrozibakar
Salam and good day to others.http://www.forexfactory.com/images/icons/icon7.gif

Any members from kuantan. I hope there's somebody doing fx and willing to share ideas and help each others.

Hope to hear a good news soon.

bro.. i'm from kuantan.. huhuh .. so many forum try to find comunity from kuantan.. dun believe i find u in FF

do u full trader?
  • #4,340
  • Edited 6:27am Dec 27, 2007 5:54am | Edited 6:27am
Quoting Malaysia
Hayya'alal Solah.... Hayya'alal Falah!!!

As right now I am Bleeding Heavily. However, out of Green News on UK... the BULL on CABLE showing signs of retreating I was floating with more than -US$2000 earlier on. Seems like the BEAR wave will take over later on since the BULL cannot penetrate 1.9930 to resume its reign as the King for today. Nothing certain yet until the US economic data is released. I am securing my position with PO Buy Stop.

Now, that I already did my TA and FA and strongly beleive that the BEAR will take over... I just have to be PATIENCE. "Tawakal" is a good thing to do after ones had done his/hers best. I am gonna pray to GOD to help me
Seems like im the only one with long again this time but not in GU, trying on GJ and its going well. Power Trend on GJ long, JPY doing badly now...target 228.71.
Monthly Profit & Lost :- May - +85 pips
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